Greystar Real Estate Partners (Greystar), a global leader in the investment, development, and management of high-quality rental housing, has appointed Alberto Donoso to the European leadership team to head up development, which currently has €3.9 bn (£3.3 bn) of projects under development.
Donoso joined Greystar in 2015 and is currently based in Charleston, South Carolina, where he leads the international development operations function, which supports Greystar’s expansion in international markets. He will relocate to Madrid to take up his new European leadership role where he will partner with Greystar’s country leaders to develop multifamily, student, and young professional housing assets across key European markets.
The move comes as Greystar continues to grow its footprint in Europe, where it currently manages €6.6 bn in equity, owns more than 30,000 units and student beds and has approximately 50,000 residents.
Mark Allnutt, senior managing director – Europe, Greystar, said: ‘We have raised significant capital for development-led strategies across Europe. Alberto will play a crucial leadership role as we continue to scale the European platform against a backdrop of favourable demographic trends. The continued undersupply of housing across European cities is a critical issue and purpose-designed rental housing has an increasingly important role to play in meeting demand.’
At Greystar, Donoso has served in both Portfolio Management and Development roles and has been a leader in Greystar’s expansion to Latin America. Prior to joining Greystar, he worked as director of development for Kettler, a luxury multifamily developer in the Washington, DC, area.
